This chemical is widely used as a chiral ligand in asymmetric synthesis, particularly in catalytic reactions. It plays a crucial role in facilitating enantioselective transformations, such as hydrogenation, oxidation, and carbon-carbon bond formation, which are essential in the production of pharmaceuticals and fine chemicals. Its unique structure allows it to induce high enantiomeric excess in the products, making it valuable for creating optically active compounds. Additionally, it is employed in the development of chiral catalysts and materials for advanced research in organic chemistry.